ABB Expands Maritime Influence With DTN

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ABB, a global technology leader, is set to expand its maritime software offering through the acquisition of DTN Europe BV and DTN Philippines Inc.’s shipping business.

Key Points

  1. Enhanced Maritime Software Portfolio: ABB’s acquisition of DTN Shipping includes vessel routing software, analytics, reporting, and modelling applications. This move positions ABB as a market leader in ship route optimization.
  2. Connected Vessels: The acquisition brings over 5,000 connected vessels to ABB’s digital networks, fostering efficiency and safety through real-time weather routing analytics.
  3. Strategic Impact: As real-time weather routing gains importance in optimizing fuel consumption and reducing emissions, ABB’s digital solutions, complemented by DTN Shipping’s capabilities, aim to drive operational decisions for sustainable vessel performance.
  4. Collaborative Innovation: ABB and DTN Shipping will collaborate to seamlessly integrate DTN’s workforce of approximately 85 employees into ABB, with a focus on ensuring continuous customer service.
  5. Global Maritime Influence: ABB’s well-established Ability™ digital solutions, combined with DTN Shipping’s portfolio, strengthen the company’s commitment to investing in digital solutions supporting decarbonization and resource efficiency across diverse fleet types.
  6. Closing and Integration: The transaction is expected to close in Q2 2024, subject to customary closing conditions and works councils’ consultation procedures.
  7. DTN’s Core Business: DTN, a global data, analytics, and technology company, expresses confidence in ABB’s ability to further enhance the value of its shipping portfolio. DTN will continue providing core forecasting elements to ABB post-completion.

ABB’s acquisition of DTN Shipping’s business positions the company at the forefront of maritime digital solutions, contributing to sustainable and efficient vessel operations.

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Source: ABB

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